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FCPA Blog Daily News

Entries in Macau (18)

Friday
Jul282017

Macau billionaire convicted of FCPA offenses, money laundering in UN bribe case

A federal jury in Manhattan Thursday found Macau billionaire Ng Lap Seng guilty of bribing two United Nations officials in exchange for help promoting development of a conference center.

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Thursday
Jan192017

Las Vegas Sands pays $7 million to resolve FCPA criminal probe

Las Vegas Sands Corp. agreed Thursday to pay a criminal fine of nearly $7 million for Foreign Corrupt Practices Act offenses in China and Macau.

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Wednesday
Nov232016

Feds add FCPA charges against Macau billionaire and assistant for alleged UN bribes

The DOJ filed a superseding indictment in federal court in Manhattan Tuesday against a Macau developer accused of bribing the former president of the United Nations General Assembly.

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Thursday
Apr072016

Las Vegas Sands pays $9 million to settle China, Macau FCPA offenses

Image courtesy of LVSLas Vegas Sands Corp. agreed Thursday to pay a $9 million penalty to settle charges that it violated the Foreign Corrupt Practices Act by failing to properly authorize or document millions of dollars in payments to a consultant hired to help it do business in China and Macau.

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Monday
Jul272015

Tanzania bank is ‘shocked’ after ‘unexplained’ FinCEN ban

The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) Thursday imposed “special measure five” against Tanzania-based FBME Bank Ltd, formerly known as the Federal Bank of the Middle East.

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Wednesday
Jan282015

International Franchising and the FCPA (Part Three): Best Practices

This post continues from Part One: Vicarious Liability and Part Two: A Flock of Foreign Officials.

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Wednesday
Dec242014

China targets illegal money flows to Macau

China has launched a crackdown on illicit money flows to Macau as part of efforts to combat money laundering and corruption, the South China Morning Post reported.

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Monday
Mar172014

Joseph Lau convicted for Macau bribery, money laundering

Hong Kong billionaire Joseph Lau Luen-hung, chairman and CEO of Chinese Estates Holdings Ltd., was convicted of bribery and money-laundering in Macau on Friday.

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Friday
Jul262013

SEC declination for Wynn

Here's a disclosure by Wynn Resorts from its Form 8-K filed with the SEC earlier this month:

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Friday
Jul262013

China Corruption Blotter (July 26, 2013)

Li Daqiu, vice chairman of the Guangxi provincial Political Consultative Conference, is under investigation for violations of party discipline. Authorities have not disclosed details of Li’s wrongdoings but local media reports quote sources close to Li as saying that Li’s relatives have reaped huge benefits from local mining and infrastructure industries. http://news.sohu.com

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Wednesday
Jun262013

Las Vegas Sands, Wal-Mart India report personnel changes

Casino operator Las Vegas Sands Corp. said its Chief Financial Officer Kenneth Kay will step down on July 31.

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Monday
May132013

Sands says internal controls now fixed

Las Vegas Sands Corp. said Friday that an internal investigation by its Audit Committee found 'likely violations of the books and records and internal controls provisions of the FCPA.' But after improvements, the company's internal controls now have no 'material weakness.'

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